Banking Archives

The Swiss National Bank said the instant payments system was a 'commitment to the future of cashless payments'

Business

Switzerland moves towards cashless future with instant payments

The Swiss National Bank said around 60 financial institutions were now able to receive and process instant payments.

AFPAugust 21, 2024

Enraged by Citi's involvement in polluting bisinesses, activists have unleashed a campaign of protests

Business

NY eco activists turn up heat on Citi over polluting investments

Environmental campaigners in New York have kept up a campaign of direct action against one of the city’s foremost banking empires, Citi, accusing the...

AFPAugust 10, 2024

HSBC's first-half pre-tax profits were slightly down from the same period last year

Business

HSBC records $21.6 billion pre-tax profit in first half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s...

AFPJuly 31, 2024

World

HSBC records $21.6 billion pre-tax profit in first half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s...

AFPJuly 30, 2024

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive

Business

HSBC names CFO Elhedery as next chief executive

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank’s next chief executive to drive “the next phase of development and growth”....

AFPJuly 17, 2024

On the so-called dark web, providers of ransomware services and support pitch their products openly

Business

Evolve Bank suffers ransomware attack

Evolve Bank has disclosed a ransomware attack from infamous ransomware gang, LockBit.

Dr. Tim SandleJuly 15, 2024

JPMorgan Chase and Citi experienced higher credit costs in the second quarter, reflecting greater stress on lower-income consumers

Business

Mixed profits at US banks amid weaker signs from low-income customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on...

AFPJuly 12, 2024

A clothing store Gracanica, central Kosovo, where a ban on the Serbian dinar has spurred frustration and anger

World

‘Fed up’: Dinar currency ban bites in Kosovo

In the central Kosovo town of Gracanica, posters advertising “10 euro return tickets” to Serbia flutter on the walls as ethnic Serbs wearily organise...

AFPJuly 10, 2024